A:Answer For this system, time is "relative". The total recording time space is going to depend on the number of cameras you are using, and at what resolution you are recording at. 4k recording will chew up space much faster than 1080p. 8 cameras will use space faster than just one camera.
One certainty you can rely on is that once the space has been used to 100%, it will record over older footage if you choose for it to do so in the setup options.